Hess is committed to a strong and diverse supplier network which supports our goal of making a positive contribution in the communities where we do business. We promote an inclusive business environment that welcomes participation by small and local suppliers.
Supplier Diversity In the United States the company relies on the U.S. Small Business Administration's (SBA) definitions for small, minority owned and women owned businesses, as well as other SBA business categories. Purchasing data are compiled for the company's business operations in the United States, where we have major operations along the East Coast, and in Louisiana, North Dakota, Texas and the U.S. Virgin Islands.
In 2008 the company spent $682 million for goods and services with small businesses out of a total of $2.3 billion; $68 million was spent with small diverse businesses. Hess Corporation worked with more than 10,000 U.S. suppliers. Between 2007 and 2008, the company spent more than $200 million with small suppliers that grew to become large business enterprises.
HOVENSA purchased $433 million in goods and services available under the SBA's programs from more than 2,000 U.S. suppliers. Twenty-five percent of those were small businesses that accounted for approximately $55 million in purchases.
Supplier Screening Hess conducts quarterly debarment processing of its suppliers to ensure compliance with the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) and the U.S. Patriot Act. Contracts for goods and services typically include requirements for supplier compliance with applicable laws and regulations and Hess policies in areas such as safety, health, environment, process safety, drug and alcohol use, business ethics, conflicts of interest, the Foreign Corrupt Practices Act and labor practices. Internationally, E&P operations have incorporated provisions relating to adherence to the Voluntary Principles into selected supplier contracts following risk evaluations.